We live and breath Montgomery County Hard Money Lending

For the best private loans in Montgomery County call New Funding Resources today at 240-436-2340!

At New Funding Resources, we are no ordinary private lending company. We truly care about borrowers’ financial success and are ready to help them at any time. We are a direct lender and offer significant flexibility when underwriting our files. Headquartered at the heart of Montgomery County, Gaithersburg, MD, we are the highest-reviewed private hard money lender in the DMV area.

We are a not huge national lending firm with impersonal cook-cutter criteria. Unlike larger companies, New Funding Resources is a private hard money lender with a unique character and personality. Our smaller size allows us to be more personal with our borrowers, instead of treating them like as a one-time transaction. We treat our borrowers and clients like family: if you succeed, we succeed as well. This is part of the reason why many of our clients have had such a rewarding experience working with us.

All our loans are collateral-based, and we secure them against investment properties you’re planning to purchase or already own. We don’t lend on owner-occupied homes; we specialize in offering private mortgage loans to rehabbers looking to make a profit on their investments.

You can rely on our local expertise to keep your renovation process in Montgomery County smooth and pain-free. We will guide you through the process of rehabbing your property so that you walk away with the largest return on your investment. Whether are you investing in Takoma Park, College Park or Gaithersburg – we can effectively advise you on how to minimize your risk and grow your profits.

Property Types

When it comes to real estate investing, Montgomery County rocks.

Montgomery County is Maryland’s largest county and the second most affluent (Howard County takes the top prize). It’s named after Richard Montgomery, a former British general who joined the American Revolution and is best known for his unsuccessful invasion of Canada. Ironically, he had never set foot in Montgomery County. If he had, however, he would have been awed by its opportunities and most likely would have abandoned his military career to become a real estate investor.

The great thing about the Montgomery County real estate is how stable it is. Even during the housing crisis of 2008-2010, the price drop was not as dramatic as in the rest of Maryland and the recovery much faster. So if you’re a landlord in Montgomery County, you’re almost guaranteed to see a steady appreciation of your real estate portfolio year after year. Long & Forster reports that in December 2019, the median sale price for Montgomery County Homes was $449,000, an increase of 7% or $27,900 compared to last year.

High prices and low affordability also present challenges. Gone are the days when you can purchase easily purchase a foreclosure in Montgomery County. The inventory is super tight. For example, the total number of homes available for sale in December 2019 is 1,408 – lower by 815 units or a whopping 37% as compared with December 2018 making it hard for first-time buyers and investors alike to find a home that is affordable.

There are several reasons for the inventory that is that low. For one, homeowners aren’t as eager to sell when they aren’t confident they can find and afford a new home. Low inventory becomes a self-fulfilling prophecy when people decide against moving up or downsizing because they can’t find anything to buy. According to the Bethesda Magazine, another reason for low inventory is that new construction, particularly of single-family homes, has not kept up with demand. In addition, buyers’ preferences have as wells, resulting in more people seeking walkable neighborhoods, shorter commute times and homes that require less renovation work and maintenance. That evolution of buyer tastes means that homes in walkable communities and inside the Beltway continue to sell well, as do more affordable properties, while more expensive properties, especially in car-oriented communities like Potomac, aren’t moving as quickly.

That said, we’ve seen a consistent stream of business coming from investors renovating properties in more affordable parts of Montgomery County. Germantown, Montgomery Village, and Damascus still have some outdated properties that are ripe for fix-and-flip.

Let us finance your private loan in Montgomery County, MD. You will not be disappointed.

At New Funding Resources, we have more than twenty-two years of real estate experience in the DMV area. We evolved from a reputable consumer lending company into a boutique firm that focuses exclusively on providing make-sense private financing to real estate investors. Our Montgomery County hard money loans are short-term and offer unique financing to buy and rehab distressed properties. Once you renovate the property, you repay our loan by either selling it for profit or – in case if you are interested in keeping it as a rental – by refinancing it to another program. The recent examples of what you can accomplish with our hard money loans are this gem in Clarksburg, this beauty in Germantown or this profitable flip in Silver Spring.

More reasons to choose New Funding as your Montgomery County hard money lender.

If you are looking for even more reason to choose New Funding Resources as your Montgomery County hard money lender, we can give them to you. We don’t charge any application or upfront fees, can go as high as 90% of loan-to-cost, and, in Montgomery County, base our loans on 65% of the after-repair value. We offer great rates, but even more, we provide extremely personal service. We are known for building great relationships with our borrowers and clients. Our borrowers tell us time and time again, how smooth their experience with us has been. Perhaps this is why a big portion of our business comes from repeat clients.